Just answer simple questions, and we’ll guide you through filing your taxes with confidence. Or you can get your taxes done right, with experts by your side with TurboTax Live Assisted.įile your own taxes with confidence using TurboTax. Let an expert do your taxes for you, start to finish with TurboTax Live Full Service. Consider checking with your employer's human resources department to explore your options.Īnd while you're at it, take time to learn about other tax breaks available to parents.This may be possible with a Flexible Spending Account or similar account.For example, if your employer provides a way to pay for child care with "pre-tax" dollars-that is, money that's taken out of your paycheck before taxes are calculated-the amount you save in taxes may be greater than what you get with the credit. While the child and dependent care credit is attractive, you may save even more money with other options. The taxpayer ID number is either a Social Security number (SSN) or an Employer Identification Number (EIN). You must provide the name, address and Taxpayer Identification Number (TIN) of the person who provided the care.If you are married, you must file a joint tax return.Being a full-time student or a parent unable to care for themselves does count as "working" for the purposes of the credit, even if you don’t receive any income for it. You must have paid for the care so that you could work or look for work.Non-work income, such as investment profits, doesn't count. You (and your spouse, if you're married) must have "earned income," meaning money earned from a job.There are several other tests you must meet to claim the credit: ![]() TurboTax Tip: If your employer provides a flexible spending account or similar account to pay for child care with "pre-tax" dollars, your tax savings may be greater than the amount you get with the credit.
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